Boxlight price target lowered to $1 from $2 at H.C. Wainwright

H.C. Wainwright analyst Scott Buck lowered the firm’s price target on Boxlight to $1 from $2 and keeps a Buy rating on the shares following the Q2 report. The analyst says that while demand may be soft, the company’s new product development and lower fixed cost expense improves its long term positioning. The firm recommends investors use any near-term weakness in shares, due to more challenging market conditions, to accumulate Boxlight ahead of stronger demand trends and improved profitability.